Adamas Trust, Inc.
AI Valuation
AI-generated fair value estimate for this company.
AI Fair Value
$25.84
Market Price
$25.10
Undervalued By
2.9%
Method: Bond DCF to maturity: PV of 9.875% coupon ($2.46875/yr, $0.6172/qtr) on $25 par plus return of principal at maturity (2030, ~3.5 years out), discounted at an 8.75% required yield
Reasoning: ADAMH is Adamas Trust's higher-coupon $25-par senior note tranche (same issuer and similar tenor as ADAMG); applying the same 8.75% required yield produces a value above par, consistent with its 9.875% coupon exceeding the required yield and its ~$25.77 last trade